The Business of Cannabis

Michigan Cannabis Sales In May Slightly Higher Than April

Jun 15, 2024 | Feature, Great Lakes Region, Michigan

Michigan cannabis sales in May rose by $1.1 million from April to To $279.6 million, an increase of 13.7% from May 2023. Medical sales only accounted for $1.6 million. The Cannabis Regulatory Agency reported flower made up  $124.3 million of adult-use sales in...

Struggling UK CBD Company Halts Trading Amid Squabbles In the Board Room

Jun 12, 2024 | International

Struggling UK CBD company Chill Brands Group PLC has suspended trading of its shares amid a clash among board members and executives. In a June 10 announcement, the company said it has launched an investigation into two directors who it claims tried to “defraud” the...

For Florida Gov. DeSantis, Intoxicating Hemp OK, Marijuana Isn’t

Jun 12, 2024 | National

Intoxicating hemp substances will remain on the market in Florida after Gov. Ron DeSantis nixed a proposed law that would have banned products containing them. DeSantis on Friday vetoed Senate Bill 1698 (SB 1698) which would have specifically prohibited...

Study: Frequent Cannabis Consumers Exhibit No Significant Changes in Driving Performance Following Use of THC-Infused Edibles

Jun 12, 2024 | National

Subjects display few changes in simulated driving performance following the ingestion of THC-infused edible products, according to data published in the Journal of Cannabis Research.  Investigators affiliated with the University of Toronto assessed...

New Buffalo Township Reviews 47 Dispensary Applications, Approve Just 4

Jun 12, 2024 | Feature, Great Lakes Region, Michigan

Last week the New Buffalo Township Planning Commission granted preliminary approval to four cannabis dispensary applications, marking the first step in a multi-stage approval process for these businesses. This decision follows a one-year moratorium on new cannabis...